Weekend Reading – Bank stocks, cryptocurrency advice, blowing $650-million, and more #moneystuff
Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
Here was my article for this past week:
Before the Weekend Reading list, a huge thanks to this site for highlighting my site: one of the Top 40 Canadian Investment Blogs and Websites for Investors in Canada. I certainly appreciate the mention 🙂
Enjoy the weekend folks and see you here next week for a dividend income update!
Steadyhand warned Canadians not to fall in love with just Canadian bank stocks.
Get Smarter About Money said when it comes to cryptocurrencies, “investors may be eager to get in on a new trend, but should be wary of the considerable risks that often accompany these investments.” Well said.
I got this request from a reader/follower:
I’ll answer that question next week!
If you’ve been fortunate enough to maximize contributions to your TFSA(s) and RRSP(s) (good on you!), then you may want to consider investing in a taxable account. Canadian Portfolio Manager answered a reader question about whether it’s more tax-friendly to hold equities in an RRSP or a taxable account first – using a couple of Horizon ETFs as an example.
A reader recently asked me – when it comes to owning the simple, all-in-one Vanguard ETFs – why don’t I invest with these products? My answer is: While low-cost funds and a certain level of diversification is very important, investors should also carefully consider their financial goals, risk tolerance and other considerations when making financial decisions. I believe we have done that. So, to that end, we invest in about 30 Canadian dividend paying stocks for growth and income, another 10 U.S. dividend paying stocks for the same reasons, and use low-cost ETFs in addition to that. At the end of the day, ETFs are financial products, some of them engineered to meet the needs of many investors but that doesn’t mean certain ETF products are always a slam dunk for you (or me). What are your thoughts on all-in-one ETFs?
Most Americans believe you need about $1.4 million in net worth to be “financially comfortable” yet more than 90% of Americans will never have that much wealth – or be financially comfortable then. We know our enough number – do you?
Deals and reminders!
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